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Dick’s Sporting price target raised to $215 from $180 at Loop Capital

Loop Capital raised the firm’s price target on Dick’s Sporting (DKS) to $215 from $180 and keeps a Hold rating on the shares. Following the firm’s recent call with former Foot Locker (FL) marketing executive to discuss Dick’s pending acquisition of Foot Locker, Loop was left feeling considerably more positive about the deal, particularly given the fact that the executive unequivocally stated she would have advised Dick’s to acquire Foot Locker given her belief the resulting scale and vendor leverage far outweighs the integration risk, the analyst tells investors in a research note. The firm remains at neutral due to valuation levels however, Loop added.

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